Russell 2000® Index Mini Futures

Description

The Russell 2000® Index is the recognized benchmark measuring
the performance of the small-cap segment of the U.S. equity
universe. The Russell 2000 Index is a subset of t he Russell
3000® Index, representing approximately 10% of the total market
capitalization of that index. It includes 2000 of the smallest
securities based on a combination of market cap and current index
membership. Russell 2000 Index mini futures are available for
trading on the ICE electronic trading platform for 22 hours a day.

Market Specifications

Trading Screen Product Name

Russell 2000 Index Mini Futures

Trading Screen Hub Name

NYCC

Symbol

TF

Contract Size

$50 times the Index

Contract Months

Six months in the March/June/September/December quarterly
expiration cycle

Price Quotation

Index points, to two decimal places

Tick Size

.10 Index points, equal to $5.00 per contract (Spread and block
trades can be done at .05 Index points.)

Daily Settlement

Daily Settlement Prices are based on prices in the closing session
(16:14 to 16:15 ET, except that on the last business day of each
calendar month it is 15:59 to 16:00 ET).

Last Trading Day

Third Friday of the expiration month. Trading in the expiring
contract ceases at 9:30 a.m. ET on the Last Trading Day.

Final Settlement

Cash settlement to a special opening calculation of the Russell
2000 Index based on the opening prices of the component stocks on
the third Friday of the contract month. Please see Exchange
Rules 19.04 and 19.26 for additional information.

Trading Halt

When a trading halt occurs on the New York Stock Exchange
pursuant to NYSE Rule 80B, trading in Russell futures contracts is
halted. Please see Exchange
Rule 19.06 for more information.

Interval Price Limits (IPL)

ICE imposes an Interval Price Limit (IPL) for its futures
contracts. Prices are not allowed to move more than a
pre-determined amount (Interval Price Limit) away from the current
market price within a pre-determined period (the Recalculation
Time). For more information about the IPL and the IPL and
Recalculation Time for Russell index futures, please see this Exchange
Notice.